Czech crown hits 12-month low against dollar

The Czech crown fell to a 12-month low point against the dollar on Tuesday and stock prices here surged 2.68 percent in early trading. The currency slid to 19 crowns to the dollar from 18.88 at the close on Monday, the lowest point for 12 months. The crown also opened weaker at 25.22 per euro, from 25.16 on Monday.